mStable x Vesper Finance — boosted mUSD Pool on Vesper Orbit
mStable is collaborating with Vesper Finance to offer users access to yield opportunities without the high gas costs or active management required to realize and compound rewards.
Introduction to Vesper
Vesper is focused on collaborating across the DeFi ecosystem to create new opportunities for DeFi protocols and their users. With this newly announced collaboration, users can deposit mUSD into Vesper Orbit and earn rewards in mUSD, VSP (Vesper’s native token) and MTA (mStable’s native token).
Vesper is creating a vaMUSD pool as an initial strategy that deposits the underlying liquidity into Curve-Convex: deposits are converted to mUSD-CRV liquidity and staked on Convex, with rewards auto compounding on behalf of the user.
Furthermore, the pool will offer users triple rewards — auto compounded CRV, plus additional MTA and VSP rewards with the integrated emissions controller directing MTA rewards to the pool.
This new pool will also expand demand for mStable’s mUSD across DeFi, and continue to attract new TVL to mStable’s treasury with Vesper as an onramp.
The mUSD Orbit pool delivers a similar user experience to other Vesper Orbit pools. Simply deposit mUSD into Vesper Orbit to start earning yield, with the added bonus of VSP and MTA rewards.
The mUSD Orbit pool carries a 20% performance fee on yield earned and a 0.6% withdrawal fee.
About Vesper
Vesper is a DeFi platform focused on combining ease-of-use, professionalism, technical diligence and the community dynamism that built the DeFi category.
Website | Discord | Twitter |Medium
About mStable
mStable is a secure savings layer built for DeFi for pegged-value crypto assets.
